Habit Restaurants Inc (NASDAQ:HABT) Receives $16.17 Consensus Target Price from Analysts
Habit Restaurants Inc (NASDAQ:HABT) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.17.
A number of research analysts have recently commented on the company. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Maxim Group reaffirmed a “buy” rating and set a $315.00 price target (up previously from $305.00) on shares of Domino’s Pizza in a research report on Wednesday, April 24th. Wedbush reaffirmed a “buy” rating on shares of Liquidia Technologies in a research report on Thursday, May 2nd. Finally, ValuEngine raised USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th.
HABT stock traded up $0.10 during midday trading on Tuesday, hitting $10.12. The company’s stock had a trading volume of 172,487 shares, compared to its average volume of 235,899. The company’s 50-day moving average is $10.14. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. Habit Restaurants has a 1 year low of $9.60 and a 1 year high of $18.30. The stock has a market cap of $264.22 million, a PE ratio of 67.47, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01.
Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its holdings in Habit Restaurants by 512.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,239 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 3,547 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Habit Restaurants by 356.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,158 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 5,590 shares during the last quarter. Macquarie Group Ltd. bought a new position in Habit Restaurants in the 4th quarter worth about $100,000. Stephens Inc. AR bought a new position in Habit Restaurants in the 1st quarter worth about $130,000. Finally, Stifel Financial Corp bought a new position in Habit Restaurants in the 4th quarter worth about $132,000. 63.64% of the stock is currently owned by hedge funds and other institutional investors.
Habit Restaurants Company Profile
The Habit Restaurants, Inc, a holding company, operates and franchises fast casual restaurants under The Habit Burger Grill name. It specializes in offering made-to-order char-grilled burgers and sandwiches featuring choice tri-tip steak, grilled chicken, and sushi-grade tuna cooked over an open flame; and salads, as well as sides, shakes, and malts.
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